Tools commonly used in the Machinery-Renting industry for day-to-day tasks and operations.

• Excavators
• Bulldozers
• Skid Steer Loaders
• Backhoes
• Forklifts
• Cranes
• Dump Trucks
• Concrete Mixers
• Trenchers
• Compactors
• Aerial Lifts
• Generators
• Air Compressors
• Welding Equipment
• Scaffolding
• Jackhammers
• Power Tools
• Pumps
• Light Towers
• Road Sweepers

Common products and services typical of NAICS Code 238910-40, illustrating the main business activities and contributions to the market.

• Construction Equipment Rental
• Heavy Machinery Rental
• Excavation Equipment Rental
• Landscaping Equipment Rental
• Demolition Equipment Rental
• Mining Equipment Rental
• Agricultural Equipment Rental
• Forestry Equipment Rental
• Material Handling Equipment Rental
• Crane Rental

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Occupational Safety and Health Administration (OSHA) Certification: Machinery-Renting companies must comply with OSHA regulations to ensure the safety of their employees and customers. OSHA provides certification programs for various industries, including Machinery-Renting.
• Commercial Driver's License (CDL): Machinery-Renting companies that rent out heavy machinery, such as bulldozers and excavators, require their operators to have a CDL. The Federal Motor Carrier Safety Administration (FMCSA) provides certification for CDLs.
• National Commission for the Certification Of Crane Operators (NCCCO): Machinery-Renting companies that rent out cranes require their operators to have NCCCO certification. This certification ensures that crane operators have the necessary skills and knowledge to operate cranes safely.
• Environmental Protection Agency (EPA) Certification: Machinery-Renting companies that rent out equipment that emits pollutants, such as diesel engines, require EPA certification. This certification ensures that the equipment meets EPA emissions standards.
• International Association Of Machinists and Aerospace Workers (IAMAW) Certification: Machinery-Renting companies that employ mechanics require their mechanics to have IAMAW certification. This certification ensures that mechanics have the necessary skills and knowledge to repair and maintain machinery.

A concise historical narrative of NAICS Code 238910-40 covering global milestones and recent developments within the United States.

• The machinery-renting industry has a long history dating back to the early 20th century when the first rental companies were established in the United States. The industry grew rapidly during World War II when the government needed equipment for the war effort. After the war, the industry continued to grow as construction and infrastructure projects increased. In recent years, the industry has seen significant advancements in technology, such as the use of telematics to track equipment usage and maintenance needs. Additionally, the industry has become more specialized, with rental companies focusing on specific types of equipment, such as aerial lifts or earthmoving equipment. In the United States, the machinery-renting industry has experienced steady growth over the past decade. The industry has benefited from an increase in construction activity, particularly in the residential and commercial sectors. Additionally, the industry has seen increased demand for equipment rentals from the energy sector, particularly for oil and gas exploration and production. The industry has also seen advancements in technology, such as the use of GPS tracking and remote monitoring to improve equipment utilization and reduce downtime. Overall, the machinery-renting industry has a bright future in the United States, with continued growth expected in the coming years.

The anticipated future trajectory of the NAICS 238910-40 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Growing

  The machinery-renting industry in the USA is expected to experience steady growth in the coming years. The increasing demand for construction and mining activities, coupled with the need for specialized equipment, is driving the growth of the industry. The rise of the sharing economy and the increasing popularity of equipment rental services are also contributing to the growth of the industry. However, the industry is facing challenges such as rising competition and the need to keep up with technological advancements. Overall, the machinery-renting industry is expected to continue to grow in the USA, driven by the increasing demand for specialized equipment and the rise of the sharing economy.

Recent groundbreaking advancements and milestones in the Machinery-Renting industry, reflecting notable innovations that have reshaped its landscape.

• Online Equipment Rental Platforms: Online platforms that allow customers to rent equipment easily and quickly are becoming increasingly popular in the machinery-renting industry. These platforms offer a wide range of equipment and allow customers to compare prices and book equipment online.
• GPS Tracking Technology: Many machinery-renting companies are now using GPS tracking technology to monitor their equipment and ensure that it is being used safely and efficiently. This technology can also help prevent theft and improve equipment maintenance.
• Telematics: Telematics technology is being used in the machinery-renting industry to monitor equipment usage and performance. This technology can help companies optimize their equipment usage and reduce downtime.
• Remote Equipment Monitoring: Some machinery-renting companies are now offering remote equipment monitoring services, which allow customers to monitor their equipment usage and performance in real-time. This can help customers optimize their equipment usage and reduce downtime.
• Sustainable Equipment: Many machinery-renting companies are now offering sustainable equipment options, such as electric or hybrid equipment. These options can help reduce emissions and improve sustainability in the construction and mining industries.